Bank of Montreal (TSE:BMO) Price Target Raised to C$99.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective hoisted by investment analysts at Barclays PLC from C$98.00 to C$99.00 in a research note issued to investors on Friday. Barclays PLC’s price target would indicate a potential upside of 6.45% from the stock’s previous close.

A number of other brokerages also recently weighed in on BMO. Scotiabank lowered their target price on shares of Bank of Montreal from C$107.00 to C$104.00 and set an “outperform” rating for the company in a research note on Thursday, May 25th. CIBC lowered their target price on shares of Bank of Montreal from C$109.00 to C$105.00 in a research note on Thursday, May 25th. TD Securities lowered their target price on shares of Bank of Montreal from C$110.00 to C$105.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. Finally, Royal Bank Of Canada lowered their target price on shares of Bank of Montreal from C$110.00 to C$108.00 and set a “sector perform” rating for the company in a research note on Thursday, May 25th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$100.36.

Shares of Bank of Montreal (TSE:BMO) traded down 1.11% during trading on Friday, hitting $91.97. 915,785 shares of the stock traded hands. The firm has a 50-day moving average of $95.45 and a 200-day moving average of $97.13. The firm has a market capitalization of $59.96 billion and a price-to-earnings ratio of 11.57. Bank of Montreal has a 1-year low of $83.24 and a 1-year high of $104.15.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its earnings results on Wednesday, May 24th. The bank reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.94 by $0.02. Bank of Montreal had a return on equity of 12.21% and a net margin of 21.74%. The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.44 billion. On average, equities analysts forecast that Bank of Montreal will post $7.99 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Bank of Montreal (TSE:BMO) Price Target Raised to C$99.00” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/2802707/bank-of-montreal-tsebmo-price-target-raised-to-c99-00.html.

In related news, Director La Flèche Eric Richer purchased 2,000 shares of Bank of Montreal stock in a transaction on Monday, June 19th. The stock was acquired at an average cost of C$93.82 per share, for a total transaction of C$187,640.00. Also, Director Thomas Earl Flynn sold 10,951 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of C$91.60, for a total transaction of C$1,003,111.60. Over the last 90 days, insiders acquired 4,334 shares of company stock valued at $393,326 and sold 32,256 shares valued at $2,985,223.

Bank of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

Analyst Recommendations for Bank of Montreal (TSE:BMO)

Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.